Coinbase announced today via twitter and their blog that the increasingly popular Chainlink (LINK) token will now be available for trading on Coinbase Pro. Though not yet on the mobile app, the price does seem to be responding positively to the news.
Our LINK/USD, and LINK/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/BnVOqhFUdV
— Coinbase Pro (@CoinbasePro) June 26, 2019
Unfortunately, New York is left out of the launch due to regulatory issues. As is always the case, the roll out is coming in stages:
“Transfer-only. Starting at 10am PT on June 26, customers will be able to transfer LINK into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.
Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.”
Overall, the response from twitter has been pretty positive, as Chainlink has been a rising star in the community:
— 🦆 HyperCubist 🦆 (@hyper_cubist) June 26, 2019
Thank you! Will be making an account today!
— Charles (@Charles02411212) June 26, 2019
Though the price saw a small dip when the news first came out, there has since been a notable rally for LINK:
LINK/USD Chart provided by Tradingview
This should be a welcome step forward for fans of the coin, and bring in greater exposure. Can the price continue to rise as the market grows? Stick with Chepicap for all updates!
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